iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) Trading Up 0.6% – Time to Buy?

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW)’s share price rose 0.6% on Wednesday . The stock traded as high as $23.80 and last traded at $23.80. Approximately 18,547 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 64,925 shares. The stock had previously closed at $23.65.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Price Performance

The firm’s fifty day moving average price is $24.02 and its two-hundred day moving average price is $24.47.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Prime Capital Investment Advisors LLC increased its holdings in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 6.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 335,819 shares of the company’s stock worth $8,486,000 after purchasing an additional 19,899 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the first quarter worth $410,000. Private Trust Co. NA increased its holdings in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 107.1% in the fourth quarter. Private Trust Co. NA now owns 11,600 shares of the company’s stock worth $285,000 after purchasing an additional 6,000 shares during the period. Finally, Triumph Capital Management bought a new position in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the third quarter worth $201,000.

About iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

The iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) is an exchange-traded fund that is based on the CBOE LQD BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares iBoxx USD Investment Grade Corporate Bond ETF and writes one-month call options against the shares. LQDW was launched on Aug 18, 2022 and is managed by BlackRock.